Japan’s Tragedy A Reminder To Review Your Business Interruption Coverage
The tragic events in Japan serve as a reminder of how fragile our lives and societies are. Businesses too can be fragile, and can be easily disrupted by events completely outside of our control. That's one of the rationales behind commercial insurance.
A little over a year ago, I wrote about the complexities and challenges of both purchasing, and making a claim on, business interruption insurance. (Business Interruption Coverage - 2/18/10) Because many US companies will be either directly or indirectly affected by the devastation in Japan, this is a good time to revisit that topic.